Form 4: Pinnacle Financial Partners Director Acquires Shares Through Vesting

Robert A. McCabe Jr., a director at Pinnacle Financial Partners, acquired 7,340 shares of common stock through the vesting of restricted stock units.

Summary

• Robert A. McCabe Jr., a director and Chairman at Pinnacle Financial Partners, acquired 7,340 shares of PNFP common stock on January 23, 2025, at a price of $122.34 per share.
• These shares were acquired through the vesting of restricted stock units.
• The restricted stock units will vest in three equal installments on January 31, 2026, January 31, 2027, and January 31, 2028.
• Following the transaction, Mr. McCabe directly owns 155,969 shares of PNFP common stock.
• He also has indirect ownership of 32,506 shares through a 401K plan, 123,000 shares through the McCabe Family 2020 GST Exempt Trust, 2,652 shares by spouse, 2,370 shares through an IRA-Spouse, 184 shares by daughter, and 159 shares by daughter.
• Additionally, Mr. McCabe directly owns 20,000 depositary shares and indirectly owns 10,000 depositary shares through his spouse.
• Each depositary share represents a 1/40th interest in a share of the Issuer's 6.75% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series B.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of share acquisition through vesting, which is generally viewed positively as it aligns the director's interests with the company's performance. There is no indication of any negative sentiment.

Positives

• The acquisition of shares by a director through vesting indicates confidence in the company's future performance.
• The vesting schedule of the restricted stock units provides a long-term incentive for the director.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who acquire or dispose of company stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for publicly traded companies in the United States.
• The vesting of restricted stock units is a common form of compensation for executives and directors in the financial industry.
• The reported transactions are consistent with typical insider trading activity.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it demonstrates the director's confidence in the company.

Key Dates

Keywords

Pinnacle Financial Partners, PNFP, Robert A. McCabe Jr., insider trading, share acquisition, restricted stock units, vesting, depositary shares, beneficial ownership, director